I'm going to try to "borrow" 15,000 Steem Power from Minnowbooster for a month. From the looks of the request page (https://www.minnowbooster.net/market), I may not get this delegation.
I have been all over the place in my personal Steemit direction over the last month:
- I really haven't done any Information War posting
- I have had to slam on the brakes in posting overall to prevent angry posting, yet some of that still comes through
- I had been powering down to fund prepping for SHTF (societal collapse); I stopped that yesterday as I had completed the minimum level of readiness I felt needed.
- I have let my health lapse, in terms of weight, overeating, and exercise.
- I had let my Zotero database maintenance slip
- I make plans for posts and forget completely about them, or have no interest in doing them when I sit down to write.
All of this is related
When I made up my mind to end the power-down yesterday, I did so with the idea that Steem will be going up, and Steemit will be a success. This is a long term bet on a good outcome; I hedged my bet on the short term with the preps.
So looking forward, I am going to be putting together an investment strategy into Steemit (I covered some of the details last post)
Let us suppose I get this delegation...what I am I going to do with it?
First of all, I will not be upvoting every comment I make at 100% LOL. I've seen what happens to the folk that try to do that. I'm going to be selfvoting on posts at 100% at a maximum of 4 times a day
Calculating the right(?) voting weights to keep my vote useful to Steemers and myself is giving me a headache due to my lack of focus ;> I'm looking at balancing out my rewards to 50% to myself and 50% to the Steemers I support.
From @timcliff's post below:
My suggestion is to not get too bogged down in the details of the math, curation rewards, and voting power.
So in the struggle to keep my mind from spinning, I'll look at some assumptions:
- Voting Power now decreases by 20% for every 4 votes @ 100% Power
- Voting Power (with no voting) rebuilds at 20% per day
Testing that out, I dropped four 100% votes on my Home feed, from a position of 100% voting power. There was a 2% drop in each successive vote, leaving me with my voting power at 92%
So either I am not understanding these assumptions correctly, or the way the platform has changed since they were made (post HF19, btw)
So let me drop another vote at 50% and see what happens. A drop down to 91% voting power.
So four self-votes @17,000 SP, @ 100% weight, and 100% voting power are a little of 2 bucks each.
Voting for myself 4 times a day yeilds 8 in payout, which yields a return of about 6 in SBD/SP. It would take me a little over 2 months at this level to meet ROI, and I am only holding onto the lease for a month.
But wait, there is curation
So if these values hold, I make about 50% of my investment back from self-votes, which takes my Voting Power down to 92%. That leaves another 12% of voting power to spread around Steemit as a whole
Let me throw down a 5% upvote, and let's see, there is a .08 drop in voting power. A second 5% vote drops my VP by .1 this time. I am finally seeing scaling take place.
I don't understand the math, so I'll simplify my outlook. I want to stay above 80% VotingPpower on the assumption that I will recharge to 100% everyday (20% a day).
My lowest curation vote, at the 80% mark, worth will be at .09. I'll just keep clicking votes until I hit the 80% level (VP).
I am going to make less curating than self-voting, and I may not even fully curate that much!
So I will not make the initial investment back at these numbers...
...BUT...
Here is the kicker...All of this number-blabbing depends on the value of Steem
If Steem goes up, I may profit regardless, if Steem goes down, I may lose regardless.
And profiting or losing is not the goal at this stage of the Steemit game!
Go reread Tim's quote above.
Enlightened Self-Interest
Greed is good - we all have a self-interest motive. Screwing over other people is bad. Becoming self-supporting (which means meeting ALL the needs of Maslow's hierarchy). Helping other people make themselves self-supporting is good. Balancing this all out is enlightened self-interest
Drop in Steem value?
I don't care. Crypto goes up, crypto goes down. The point is to build a long term commitment to return and to network. The platform succeeds or it doesn't. Keeping people HERE requires creating content and rewarding content.
I plan on creating content regardless, and if I can get this lease, I will be rewarding content (including my own) and investing in the platform by rewarding others.
References:
https://steemdb.com/api/rewards
Upvote Calculator - https://www.steemnow.com/upvotecalc.html
Curation Vs Self Voting - Which one is more profitable?
[Tutorial] Voting in the post HF19 days - what should you do?
Steem voting power waiting time calculator @thenightflier
Minnow Voting - It is still OK to vote 40 times a day @timcliff
The Best SteemIt UpVoting Strategy Calculator in Javascript